Black Stone Minerals, L.P. financials
$14.31−1.04%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $422.3M | $439.4M | $501.1M | $784.3M | $505.7M | $296.6M | $487.8M | $609.6M | $429.7M | $260.8M |
| Gross profit | $422.3M | $439.4M | $501.1M | $784.3M | $505.7M | $296.6M | $487.8M | $609.6M | $429.7M | $260.8M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | $260.8M | $278.8M | $332.4M | $603.2M | $330.9M | $62.0M | $235.2M | $318.4M | $172.1M | $27.5M |
| Net income | $270.5M | $241.9M | $400.8M | $455.5M | $161.0M | $100.8M | $169.4M | $154.7M | $98.4M | $24.7M |
| Net margin | 64.0% | 55.0% | 80.0% | 58.1% | 31.8% | 34.0% | 34.7% | 25.4% | 22.9% | 9.5% |
| Diluted EPS | $1.28 | $1.15 | $1.88 | $2.12 | $0.77 | $0.49 | $1.01 | $1.45 | $1.01 | $0.26 |
| EBITDA | $300.2M | $326.4M | $380.2M | $652.9M | $393.5M | $196.0M | $345.8M | $441.9M | $287.5M | $137.6M |
| Operating cash flow | $310.2M | $389.0M | $521.3M | $425.0M | $256.9M | $281.8M | $412.7M | $385.4M | $281.9M | $196.7M |
| Free cash flow | $202.2M | $277.4M | $502.0M | $412.5M | $242.3M | $277.0M | $301.4M | $88.0M | -$202.7M | -$25.1M |
| Diluted shares | 211.7M | 210.8M | 225.1M | 224.4M | 208.3M | 206.8M | 168.4M | 106.7M | 97.4M | 96.2M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.5M | $2.5M | $70.3M | $4.3M | $8.9M | $1.8M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $158.7M | $26.9M | $2.9M | $13.6M | $89.0M | $125.1M |
| Total assets | $1.34B | $1.22B | $1.27B | $1.27B | $1.25B | $1.24B |
| Total liabilities | $207.1M | $89.5M | $49.5M | $61.3M | $184.3M | $185.0M |
| Shareholders' equity | $1.13B | $1.13B | $918.2M | $1.21B | $1.06B | $1.06B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology